Patriot Financial Group Insurance Agency LLC Increases Stake in American Electric Power Company, Inc. $AEP

Patriot Financial Group Insurance Agency LLC boosted its position in American Electric Power Company, Inc. (NASDAQ:AEP) by 128.5% during the first quarter, HoldingsChannel reports. The fund owned 22,440 shares of the company’s stock after buying an additional 12,620 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in American Electric Power were worth $2,941,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management boosted its position in American Electric Power by 72.2% during the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after purchasing an additional 91 shares during the period. Rakuten Securities Inc. increased its stake in shares of American Electric Power by 7,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Optima Capital LLC bought a new stake in shares of American Electric Power in the fourth quarter valued at approximately $26,000. Union Savings Bank bought a new stake in shares of American Electric Power in the fourth quarter valued at approximately $27,000. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock valued at $27,000 after buying an additional 154 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American Electric Power Price Performance

AEP opened at $138.83 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. American Electric Power Company, Inc. has a 52-week low of $102.06 and a 52-week high of $139.44. The stock has a market capitalization of $75.54 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The stock’s 50 day moving average price is $130.77 and its 200-day moving average price is $126.53.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Tuesday, May 5th. The company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.57 by $0.07. American Electric Power had a net margin of 16.29% and a return on equity of 10.21%. The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the company posted $1.54 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities research analysts predict that American Electric Power Company, Inc. will post 6.35 EPS for the current year.

American Electric Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.80 annualized dividend and a yield of 2.7%. American Electric Power’s dividend payout ratio (DPR) is currently 55.80%.

Analysts Set New Price Targets

Several research firms recently commented on AEP. Mizuho raised their price objective on shares of American Electric Power from $130.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. TD Cowen lifted their target price on shares of American Electric Power from $141.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wall Street Zen cut shares of American Electric Power from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Argus increased their price objective on American Electric Power from $128.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.19.

American Electric Power Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.